As I stated when i interviewed the guys over at HighChartPatterns, I’m a subscriber. I’ve been following their picks, but rarely trade them. I’ve been trying to determine whether I would be able to watch their picks and continue to do my gap trading. I’m pretty sure I’ll be able to do both.

I traded BEAV which was on the HCPG forming list today. It was good for 2.83R. It took all of about 15 minutes and by the time 10AM rolled around I had closed the trade and ready to generate my gap list. It felt great to “start the day” with a 2.83R cushion!

Of course, I rushed into a trade in AHS that I wish I hadn’t. I entered on the break (if you could even call it that!) of the 4th bar high on the 15 minute chart. In hindsight, there was barely a gap at all and the first bar was way too wide. As soon as I entered I realized my mistake and contemplated bailing at breakeven. I went ahead and held on to get stopped out. Another day, another lesson learned.

Here’s the chart of AHS and here’s my StockTickr generated chart review for AHS and BEAV:

Related posts:

1. One Trade in SLB
2. One Trade in JWN, One Loss
3. Break Even Trade in SPF, Missed FED
4. One Trade in RIMM
5. One Trade in BZH